Collective Shift
Welcome to the Collective Shift podcast, where we aim to help you save time and get ahead in the world of cryptocurrency. In each episode, we cover the latest crypto developments and trends, discussing important headlines and introducing exciting new projects. We understand that crypto can be overwhelming, which is why we strive to provide clear and concise information to help you make informed decisions. So join us as we delve into the intersection of finance and tech, and learn how you can use crypto to stay ahead of the curve.
Collective Shift
Insider Secrets Exposed As EigenLayer & Celestia Cop Investor Backlash
Join Matt and Nick as they discuss the latest developments in the crypto market, Bitcoin’s resilience amid market uncertainty, Swift pushing further into crypto, the ongoing legal battle between the SEC and Ripple Labs, and more. They also discuss one of the biggest insider secrets after a week to forget for EigenLayer (EIGEN) and Celestia (TIA).
Key Takeaways
- Crypto encountered increased volatility as uncertainty in the Middle East rose. The market has since rebounded but is ultimately still trading rangebound, with Bitcoin (BTC) now in its eighth straight month between $54K and $72K.
- ANZ became Australia’s first bank to join Project Guardian, an initiative steered by the Monetary Authority of Singapore (MAS). Watch out for Chainlink’s SmartCon later this month, where other banks and financial institutions may share announcements.
- Sui (SUI) continues to grow strongly in terms of total value locked (TVL) as more market participants look to take advantage of incentives. It’s clear that Sui has been one of the strongest-performing blockchains of 2024.
- Celestia (TIA) and EigenLayer (EIGEN) were involved in controversy after awareness spread of people selling their staking rewards, despite them having locked tokens. While TIA and EIGEN were arguably singled out, given this has been happening for years, it what ultimately a good thing that this news surfaced.
- Among the other altcoin updates covered: Bitwise’s spot XRP ETF application and Sui’s native Ethereum bridge.